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Stock Market & Financial Investment News

News Breaks
January 15, 2013
12:27 EDTGIVN, EXPR, FB, LULU, TGT, AAPL, SNTS, RSHOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday but off early lows as investors digested a batch of mixed domestic economic data. Retail sales were stronger than expected in December and inflation, as measured by the producer price index, was cooler than expected. However, manufacturing in the New York region contracted in January for the sixth straight month. Fears about the impact of the ongoing debt ceiling debate flared again after President Obama and Fed Chairman Bernanke both spoke about it yesterday and ratings agency Fitch warned that the U.S. could lose its top credit rating if its spending issues were not addressed... ECONOMIC EVENTS: In the U.S., the January Empire State Manufacturing Survey from the New York Fed rose slightly to -7.78 from last month's -8.10 reading, but missed forecasts for a rise to 0.00. The Commerce Department said retail sales increased 0.5% in December, versus the expected increase of 0.2%. Producer prices fell 0.2% during last month, versus the expected decrease of 0.1%. Business inventories grew 0.3% in November, matching expectations. In Europe, Germany's statistics office said the nation's economy grew by 0.7% in 2012, but its gross domestic product declined 0.5% in Q4. However, the euro zone recorded a higher than expected trade surplus in November thanks to surging exports and flat imports... COMPANY NEWS: Apple (AAPL) narrowly avoided closing below $500 yesterday, but has spent all of today's session below that level amid some conflicting analyst commentary. Research firm Nomura lowered its estimates and price target for Apple, while Sterne Agee, Jefferies and RW Baird all made positive comments... Facebook (FB) shares rose about 1% ahead of its press event, scheduled for 1 pm ET, for an as yet unnamed product or feature it is building... Radioshack (RSH) shares, which had initially moved higher after the company said it is terminating a mobile partnership with Target (TGT), slid over 3% near noon... MAJOR MOVERS: Among the notable gainers were Express (EXPR), up 22% after raising its Q4 and FY12 EPS views, and Santarus (SNTS), up over 9% after getting FDA approval for a drug and guiding to revenue above the Street's expectations. Among the noteworthy losers was lululemon (LULU), which slid more than 6% after providing disappointing revenue guidance. Also lower were U.S.-listed shares of Given Imaging (GIVN) which dropped over 11% after the company said it is no longer considering a sale or merger and that its controlling shareholder plans to seek and consider a sale of its stake... INDICES: Near noon, the Dow was down 5.33, or 0.04%, to 13,501.99; the Nasdaq was down 10.65, or 0.34%, to 3,106.85; and the S&P 500 was down 1.53, or 0.10%, to 1,469.15.
News For AAPL;FB;RSH;TGT;EXPR;SNTS;LULU;GIVN From The Last 14 Days
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August 19, 2015
16:00 EDTAAPL, FBOptions Update; August 19, 2015
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16:00 EDTTGTTarget shares driven higher after earnings, cool after hot open
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13:30 EDTTGTOn The Fly: Top stock stories at midday
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13:30 EDTTGTOptions with increasing put volume;
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13:23 EDTTGTOptions with increasing call volume
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13:09 EDTTGTTarget COO Mulligan says not worried about CEO leaving
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11:23 EDTTGTTarget says feels 'great' about Q4 plans
Says will be "very promotional" in Q4. Says "will not get beat" on promotions in Q4. Says will update guidance for Q4 at a later date.
11:17 EDTTGTTarget says seeing 'really positive response' to Cartwheel
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11:15 EDTTGTTarget sees Q3 adjusted EPS 79c-89c, consensus 86c
11:14 EDTAAPLApple to open first Middle East store this year, Bloomberg reports
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11:03 EDTTGTTarget says sees Q3 SSS up 1%-2%
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10:51 EDTTGTTarget CEO says supply chain being 'stretched beyond core capabilities'
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09:33 EDTAAPL, FBActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
09:19 EDTTGTOn The Fly: Pre-market Movers
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08:02 EDTTGTTarget says SSS in signature categories grew 3x faster than company average
"We're very pleased with our second quarter financial results, as traffic growth, strong sales in our signature categories and continued expense discipline drove better-than-expected profitability," said Brian Cornell, chairman and CEO of Target. "While the momentum in our financial results is encouraging, we have much more to accomplish. Looking ahead, we are focused on making further progress against our strategic priorities and are committed to improving operations as we move through the important back-to-school, back-to-college and holiday seasons." Says comparable sales in signature categories -- Style, Baby, Kids and Wellness -- grew three times faster than the company average, resulting in comparable sales growth of four to five percent in both Home and Apparel.
08:01 EDTTGTTarget raises FY15 adjusted EPS view to $4.60-$4.75 from $4.50-$4.65
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08:01 EDTTGTTarget reports Q2 EPS $1.22, consensus $1.11
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07:52 EDTAAPLAnalog Devices growth being driven by Apple, says Jefferies
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06:53 EDTFBDeutsche Telekom exec calls for internet firms to subsidize online ads, FT says
Deutsche Telekom (DTEGY) senior vice president of technology strategy, governance, and programs Tomasz Gerszberg has called for internet companies such as Google (GOOG) and Facebook (FB) to subsidize users' mobile subscriptions due to the new way advertising takes over data allowances, the Financial Times reports, citing an article Gerszberg wrote on LinkedIn. The Deutsche Telekom executive said that consumers need to be protected from rising data charges related to "annoying" online ads, the report says. Reference Link
06:35 EDTAAPLApple Stores to shift iPod stock to shelves, drop iPad smart signs, 9to5Mac says
Apple plans to make changes at its stores by relocating iPod stock to accessory shelves and removing iPad-based Smart Signs, 9to5Mac reports, citing several Apple Retail managers briefed on the plans. Apple will start to roll out these changes overnight on Tuesday of next week in the U.S., the report says. Reference Link
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